Newterra named one of Canada’s Best Managed Companies
Recently, Newterra, Ltd was recognised for overall business performance and sustained growth and named in the prestigious Canada’s Best ManagedCompanies list. The 2018 Best Managed programme award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over CAD$15 million (US$11.47 million) as well as demonstrating strategy, capability, and commitment to achieving sustainable growth.
Now in its 25th year, Canada’s Best Managed Companies is one of the country’s leading business awards programmes recognising Canadian-owned and managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.
Applicants are evaluated by an independent judging panel comprised of representatives from programme sponsors in addition to special guest judges. The 2018 Best Managed companies share commonalities that include a clear strategy and vision, investment in capability, and commitment to talent.
Newterra was recognised for a track record of strategic growth—with a focus on establishing key infrastructure in water-stressed regions around the world. From an entrepreneurial standpoint, the company is well known for investing in new technology to maintain its position as a leader in innovation in the water industry, and is moving forward with its plans to expand with well-planned acquisitions – such as the recent takeover of Aeration Industries – in order to diversify the company’s revenue mix as well as strengthen its growing industrial footprint.
“Best Managed companies deserve recognition for their entrepreneurial approach to excelling in an uncertain economic climate,” Lorrie King, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies programme, said. “They truly bring out the best in Canadian business leadership.”
“This award means a great deal to us at Newterra,” Tom Vossman, CEO, said. “This recognition is due to the commitment and passion of all the Newterra employees around the world. Every day, our team puts forth the extra effort and innovative thought to offer practical, cost-effective solutions to solve the world’s greatest water challenges. Each day, they do their very best to earn our customer’s loyalty. It is a pleasure to lead such a great team, and I am honoured to accept this award on their behalf.”
“Companies that earn Platinum Club status exemplify exceptional vision and leadership, and a sustained commitment to growth and innovation.” Dino Medves, Senior Vice President and Head, CIBC Commercial Banking, added. “CIBC is proud to recognise these, and all of the 2018 Canada’s Best Managed Companies as leaders in their industries.”
2018 winners of the Canada’s Best Managed Companies award will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 11, 2018. On the same date, the Best Managed symposium will address leading-edge business issues that are essential to the success of today’s business leaders. The Best Managed programme is sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business, TMX Group and MacKay CEO Forums.